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Wednesday, May 29, 2013

Oilbarrel Newsletter 29th May 2013

Oilbarrel.com Informed comment and independent oil and gas   news
Oilbarrel Weekly Roundup 22nd - 29th May 2013
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Latest News

News: May 29, 2013

Brokers Say Coastal Energy's First Quarter 2013 Results Are "Mixed"

The story with Coastal Energy earlier this year when they reported their 2012 results was that everything was really tickety-boo. Total production for the twelve months ran at an average of 21,912 boepd against 2011 levels of 11,540 boepd . Most of this came from oil output from the Bua Ban North fields but there were also contributions from the Songkhla A block and the Bua Ban Main field. These are all offshore in the Gulf of Thailand

Full story...

News: May 29, 2013

Aminex Dented By Farm-Out Delays At Ruvuma

Shares in Aminex slumped recently after the company admitted that 2013 had been a “complex and challenging period”.  Despite making two commercial gas finds onshore Tanzania, the London-listed company remains under financial pressure and must find industry partners and sell assets to repay a short term loan

Full story...

Features: May 28, 2013

Poweralternaltives:Alkane Energy Consolidates Its Market Leading Position In CMM With The Acquisition Of The Maltby Colliery Assets

Having recently bedded down its transformational purchase of Greenpark Energy to become the UK’s leading coal mine methane (CMM) gas-to-power producer and one of the country’s fastest growing independent energy groups, AIM quoted Alkane energy has gone on the acquisition trail again.

Full story...

News: May 28, 2013

Xcite Energy Tantalises Shareholders As It Sells Bentley Well Data For US$15 Million

Xcite Energy surprised – in a good way – its followers last week when the AIM-quoted company announced the sale of a package of technical well data for US$15 million.  This is an unusual move but then £300 million market cap Xcite has prided itself on thinking outside the box when it comes to its 100 per cent owned Bentley heavy oilfield in the North Sea.

Full story...

Market Overview: May 24, 2013

Oil Prices Weaken On China Growth Fears

There’s no shortage of oil on the global market but the fundamentals are looking a bit out of balance. While economic prospects in the US may be picking up, fears of a slowdown in Asia are now threatening global demand and the oil price took a hit this week.  In early trading on Friday, Brent crude managed to stay above US$102 with WTI just below US$94 a barrel.

Full story...

News: May 23, 2013

Sound Oil Delivers Maiden Gas Production And Readies For Spud of Flagship Nervesa Well

Sound Oil passed a major milestone last week, with the AIM-quoted company delivering first gas from its Rapagnano gas field in Italy.  This is a small field and the initial production rate is but a trickle, around 0.5 million cf/d, but this is still an important breakthrough for the company, demonstrating its operational capabilities to monetise the low risk assets in its portfolio as well as generating first revenues, an estimated €400,000 a year from Rapagnano.

Full story...

News: May 23, 2013

Toronto-listed Porto Energy Continues ‘Aggressive’ Search for Partners To Unlock Portuguese Potential

There are probably not many investors this side of the Atlantic that will have heard of Porto Energy Corporation, which is exploring for oil and gas in Portugal. The company is listed on Toronto’s Venture exchange but holds various Iberian assets through its wholly-owned subsidiary, Mohave Oil And Gas Corporation.

Full story...

Features: May 22, 2013

Poweralternatives:Renewable Energy Supplier Good Energy Delivers Strong 2012 Results As It Adds Customers And Generating Capacity

As the Brits continue to shiver their way through 2013, and thermostats remain unseasonably high, these are good times to be in the energy business.  Indeed last year, also noted for its inclement weather, saw AIM-quoted Good Energy deliver a 31 per cent rise in revenues to £28.2 million with pre-tax profits up 27 per cent at £1.4 million. The company, which ended the year with £9.5 million in cash, has upped its dividend by nine per cent to three pence per share

Full story...
Press releases

May 29, 2013 - Xtract Energy Plc Posting of Annual Report & Notice of AGM
May 29, 2013 - Faroe Petroleum 2012 Annual Report and Notice of AGM 
May 29, 2013 - Gulf Keystone Petroleum Update on move to Official List of the LSE 
May 29, 2013 - Eland Oil & Gas Plc Final Results for the year ended 31...
May 29, 2013 - SacOil Holdings Conversion of Gairloch loans to equity
May 29, 2013 - Falcon Oil and Gas Announces Engagement of Joint Broker 
May 29, 2013 - JKX Oil & Gas Letter to shareholders
May 29, 2013 - Exillon Energy AGM Notice
May 29, 2013 - EnQuest Plc EnQuest announces its entry into North Africa
May 29, 2013 - Maple Energy Notification of Transactions
May 29, 2013 - PA Resources UK Limited PA Resources announces successful farm-out...
May 28, 2013 - Ascent Resources Ascent Resources PLC
May 28, 2013 - Wentworth Resources Q1 2013 Financial Statements and MD&A
May 28, 2013 - Beach Energy Appendix 3B
May 28, 2013 - Northcote Energy Positive Frac Update 
May 28, 2013 - Tangiers Petroleum Ltd Tangiers appoints Joint Australian Broker
May 28, 2013 - Petroceltic International Update on Share Consolidation and Scheme
May 28, 2013 - Global Petroleum Sale of US Interests & Namibia Update
May 28, 2013 - Egdon Resources Farm-in Agreed for PEDL209 
May 27, 2013 - Beach Energy Cooper Basin Deep Onshore Gas Exploration...
May 24, 2013 - Xtract Energy Plc Final Results
May 24, 2013 - The Parkmead Group Form 8.3 - The Parkmead Group plc
May 24, 2013 - Caza Oil & Gas, Inc US$50,000,000 NOTE PURCHASE AGREEMENT 
May 24, 2013 - Nostra Terra Oil & Gas Company PLC Initial $200,000 Received from Judgement
May 24, 2013 - Ithaca Energy Inc Director and Officers' Share Purchase 
May 24, 2013 - Frontera Resources Notice of Annual General Meeting
May 24, 2013 - Gulf Keystone Petroleum Holding(s) in Company
May 24, 2013 - Falcon Oil and Gas Falcon Oil & Gas Ltd. Announces the...
May 24, 2013 - Alkane Energy Plc Completion of Acquisition and Fundraising 
May 24, 2013 - North American Petroleum Participation in Additional Well in the...
May 24, 2013 - Nighthawk Energy plc Drilling Report
May 23, 2013 - Bowleven Plc Group Operations Update
May 23, 2013 - Bridge Energy ASA Q1 results for the period ended 31 March 2013
May 23, 2013 - Bankers Petroleum Result of AGM 
May 23, 2013 - Mediterranean Oil & Gas Offshore Malta Area 4 Drilling Update
May 23, 2013 - Tullow Oil plc Well Update - Norway
May 22, 2013 - Aminex Plc Result of AGM
May 22, 2013 - Tangiers Petroleum Ltd Tangiers executes farm-out agreement 
May 22, 2013 - Aminex Plc AGM Presentation 
May 22, 2013 - Lansdowne Oil & Gas Posting of Annual Report and Notice of AGM 
May 22, 2013 - Fastnet Oil & Gas Deep Kinsale 
May 22, 2013 - Coastal Energy Co Notice of Annual General Meeting
May 22, 2013 - Tower Resources plc Statement regarding results of Wingat-1 well
May 22, 2013 - Max Petroleum Drilling Update 

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